Note: Both stocks and options can be traded in a TradeStation equities account. The commission plan you choose (per-share vs. per-trade) applies to both stock and options trading in that account. Commission rate is based on activity from the prior month. Please visit Market Data, Other Rates and Fees and Pricing Disclosures for additional information.

How per-trade commissions could
reduce your trading costs

Per-Trade Pricing

Also known as flat-fee pricing, this plan adjusts commission charges based on your monthly trading volume, allowing you to save more when you trade more.

$4.99per trade (200+ trades/month)

$6.99per trade (50 – 199 trades/month)

$8.99per trade (1 – 49 trades/month)

Direct routing fee of $0.004 per share applies. All orders more than 10,000 shares have a $0.001 per share fee.

Example 1

Trading Large-Share Orders

You’re long 5,000 shares, and decide to close your position.

$8.99 ticket charge = $8.99

Total
Commission

$8.99

82% Savings

Direct-Access Brokerages

($0.01/share charge)

5,000 shares @ 1¢ = $50.00

$50.00

Example 2

Greater Savings for More Frequent Traders

If you trade 50 or more times per month, you can save even more when trading large-share orders.

$6.99 ticket charge = $6.99

Total
Commission

$6.99

86% Savings

Direct-Access Brokerages

($0.01/share charge)

5,000 shares @ 1¢ = $50.00

$50.00

How per-share commissions could
reduce your trading costs

$0.01/share

With an even lower commission rate of $0.006 after the first 500 shares per trade.

No additional charge on cancelled/ unexecuted shares

Includes all direct routing fees

$1 minimum per trade.

Example 1

Scaling In/Out of Positions

You’re long 1,500 shares, and decide to scale out of your position as the price continues to move.

500 Shares @ 1¢ = $5

500 Shares @ 1¢ = $5

500 Shares @ 1¢ = $5

Total
Commission

$15

60% Savings

Direct-Access Brokerages

($9.99 ticket charge and 1/2¢ ECN fee)

$9.99 ticket charge + $2.50 ECN fee = $12.49

$9.99 ticket charge + $2.50 ECN fee = $12.49

$9.99 ticket charge + $2.50 ECN fee = $12.49

$37.47

Example 2

Fast-Moving Market

You place a buy order for 1,500 shares and receive a partial fill on 1,000 shares.

1,000 Shares = $8
(500 shares @ 1¢, 500 shares @ .6¢)

Direct-Access Brokerages

($9.99 ticket charge and 1/2¢ ECN fee)

$9.99 ticket charge + $5.00 ECN fee = $14.99

The market moves away from your price, so you move your order
with cancel and replace for the remaining shares.

500 Shares @ .6¢ = $3

Total
Commission

$11

60% Savings

$9.99 ticket charge + $2.50 ECN fee = $12.49

$27.48

How unbundled pricing could
reduce your trading costs

Unbundled Pricing

Unbundled stock and ETF pricing is a new commission plan that complements our current per-share and flat-fee offerings. This new plan allows TradeStation to offer competitive commission rates and pass through to clients execution fees and rebates from the exchanges.

Example 1

A client who trades 4 million shares per month places a market order to buy 1,000 shares of GOOG. He selects BYX as the destination to route the order. The commission for the 1,000 shares is $3.00 (1,000*0.003). The rebate from BYX for removing liquidity is $0.70 (1,000*-0.0007). The clearing fee is $0.20 (1,000*0.0002)

The total commission for this trade is $2.50 ($3.00 - $.70 + $0.20).

Example 2

A client who trades 5 million shares per month places a limit order to buy 10,000 shares of MSFT that will add liquidity. She selects BATS as the destination to route the order. The commission for the 10,000 shares is $20.00 (10,000 * 0.002). The rebate from BATS for adding liquidity is $25.00 (10,000 * -0.0025). The clearing fee is $2.00 (10,000*0.0002).

The total commission for this trade is a rebate of $3.00 ($25.00 - ($20.00 + 2.00)).

Example 3

A client who trades 1 million shares per month places a market order to buy 5,000 shares of BAC. He selects NYSE as the destination to route the order. The commission for the 5,000 shares is $25.00 (5,000*0.005). The fee from NYSE for removing liquidity is $12.50 (5,000*0.0025). The clearing fee is $1.00 (5,000*0.0002).

The total commission for this trade is $38.50 ($25.00 + $12.50 + $1.00).

The fees and rebates listed are only examples. Please refer to the Fees and Rebates page for actual pricing.

A clearing fee of $0.0002 per share will be added to every transaction. There is no additional fee for direct routing. $1 minimum per order up to 100,000 shares executed per month, $0.70 minimum up to 1 million shares executed, and $.50 minimum per order for monthly volumes exceeding 1 million. This is only applicable for the commission. The pass-through rebate and fee are not taken into consideration for the minimum commission charge. If intelligent routing is selected, the order will get routed to the destination based on our intelligent routing algorithm, not necessarily the destination with the lowest fee or highest rebate. Care should be taken when using intelligent routing on the unbundled commission plan. In most cases, the same fee/rebate the exchanges charge TradeStation is passed on to the client, but this is not guaranteed. Some normalization does take place.

Pricing Disclosures:

A monthly Account Service Fee may apply based on trading volume or account balance. Regulatory fees consist of an SEC transaction fee of 0.002180% of the total dollar amount of securities sold and, starting December 1, 2016, a trading activity fee of $0.000119 per share for each sale of a covered equity security, with a maximum charge of $5.95 per trade. TradeStation may pass through certain charges, including financial transaction taxes, on the purchase of foreign-related securities, like American Depositary Receipts, that remain long in your account at the close of trading on the day of purchase. Prices, fees, costs and terms are subject to change.

Per-trade, also known as flat-fee equities commissions, which under certain circumstances may be lower and more advantageous to larger-share-per-order traders, are primarily designed for use by individual traders who value execution quality and speed, and desire the highest level of flexibility with their execution costs. As such, the intelligent-routing algorithm may favor less expensive execution destinations including market makers. Per-trade and per-share commissions shown are based on intelligent order routing. An additional $0.004 per share will be applied to all direct routed orders. For all orders greater than 10,000 shares, an additional $0.001 per share will be assessed for each executed share in excess of 10,000. For new accounts, the per-trade commission rate for the first calendar month will be $4.99 per trade for all equities trades. In subsequent calendar months, the per-trade/flat-fee commission rate will be based on the equities and options trading activity in your account from the prior month. For example, if the total number of equities and options trades between all of your per-trade accounts under the same customer ID is 50 in July, then all equities and options trades placed in your per-trade commission accounts in August will be $6.99 per trade, plus $0.50 per contract for options.

Per-share equities commissions, which under certain circumstances may be lower and more advantageous to smaller-share-per-order traders, are primarily designed for use by active individual, institutional, and professional stock traders desiring the highest level of execution quality and speed. As such, the intelligent-routing algorithm predominantly leverages the advantages of more expensive execution destinations such as ECNs and electronic exchanges.

A clearing fee of $0.0002 per share will be added to every transaction. There is no additional fee for direct routing. $1 minimum per order up to 100,000 shares executed per month, $0.70 minimum up to 1 million shares executed, and $.50 minimum per order for monthly volumes exceeding 1 million. This is only applicable for the commission. The pass-through rebate and fee are not taken into consideration for the minimum commission charge. If intelligent routing is selected, the order will get routed to the destination based on our intelligent routing algorithm, not necessarily the destination with the lowest fee or highest rebate. Care should be taken when using intelligent routing on the unbundled commission plan. In most cases, the same fee/rebate the exchanges charge TradeStation is passed on to the client, but this is not guaranteed. Some normalization does take place.

AS LOW AS

$499

PER
TRADE 1

+ $.30 / Contract

Simply trade to save.

$4.99 per trade + $0.30 per contract (200+ trades/month)

$6.99 per trade + $0.50 per contract (50-199 trades/month)

$8.99 per trade + $0.70 per contract (1-49 trades/month)

Other Pricing Plans

Per-Contract 2
If you trade in small blocks, you could save even more with $1.00 per contract pricing with no base/ticket charge. Minimum 1 contract market or limit.

Note: Both stocks and options can be traded in a TradeStation equities account. The commission plan you choose (per-share vs. per-trade) applies to both stock and options trading in that account. Only one base ticket charge for multi-leg orders. No charge for cancel orders. Index options – incur an additional fee of $0.40/contract. Direct routing orders – incur an additional fee of $0.50 / contract. Commission rate is based on activity from the prior month. Please visit Market Data, Other Rates and Fees and Pricing Disclosures for additional information.

Pricing Disclosure

A monthly Account Service Fee may apply based on trading volume or account balance. Regulatory fees consist of a transaction fee of 0.002180% of the total dollar amount of securities sold and, starting December 1, 2016, a trading activity fee of $0.002 per contract for each sale of an option, and an Options Regulatory Fee of $0.0407 per contract ($0.05 minimum) applicable to all options transactions. TradeStation may pass through certain charges, including financial transaction taxes, on the purchase of foreign-related securities, like American Depositary Receipts, that remain long in your account at the close of trading on the day of purchase. Prices, fees, costs and terms are subject to change.

Per-trade options commissions, which under certain circumstances may be lower and more advantageous to larger-contract-per-order traders, are primarily designed for use by individual traders who value execution quality and speed, and desire the highest level of flexibility with their execution costs. As such, the intelligent-routing algorithm may favor less expensive execution destinations including market makers. Per-trade and per-share commissions shown are based on intelligent order routing. An additional $0.50 per contract will be applied to all direct routed orders. An additional $0.40 per contract will be applied to all index options. For new accounts, the per-trade commission rate for the first calendar month will be $4.99 per trade plus $0.30 per contract for all options trades. In subsequent calendar months, the per-trade commission rate will be based on the equities and options trading activity in your account from the prior month. For example, if the total number of equities and options trades in all your TradeStation per-trade accounts under the same customer ID is 50 in July, then all equities and options trades placed in your per-trade commission accounts in August will be $6.99 per trade plus $0.50 per contract for options. For spread orders, only one flat fee plus the per-contract fee will be charged.

Per-contract accounts will be permitted the first 10 cancels per day free of charge. Excluding the first 10 free cancels, if the total number of cancels is more than the total number of contracts executed per day, per account, there is a $1.00 options cancellation charge per each cancel that is over and above the number of contracts executed. A cancel is defined as any user-initiated cancel/replace and/or cancel. There is an Options Regulatory Fee of $0.0407 per contract ($0.05 minimum) applicable to all options transactions.

Pricing Disclosure

When trading Mutual Funds other fees may apply. Please read the prospectus carefully.

Regulatory fees on corporate debt, debt securities issued or guaranteed by an agency or government sponsored enterprise, and municipalities consist of a trading activity fee of $0.00000075 times the size of the transaction, with a maximum charge of $0.75 per trade.

No offer or solicitation to buy or sell securities, securities derivative or futures products of any kind, or any type of trading or investment advice, recommendation or strategy, is made, given or in any manner endorsed by any TradeStation affiliate and the information made available on this Website is not an offer or solicitation of any kind in any jurisdiction where any TradeStation affiliate is not authorized to do business, including but not limited to Japan.

Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Options trading is not suitable for all investors. Your account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. View the document titled Characteristics and Risks of Standardized Options. Before trading any asset class, customers must read the relevant risk disclosure statements on our Other Information page. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.